SS Innovations International (NASDAQ:SSII) Shares Gap Down – Time to Sell?

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped down prior to trading on Wednesday . The stock had previously closed at $3.41, but opened at $3.25. SS Innovations International shares last traded at $3.33, with a volume of 4,902 shares changing hands.

Analysts Set New Price Targets

Several research firms have commented on SSII. Loop Capital set a $7.00 price objective on SS Innovations International in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus target price of $7.00.

SS Innovations International Stock Up 2.3%

The stock has a market capitalization of $670.09 million, a PE ratio of -55.18 and a beta of -1.94. The business’s fifty day moving average is $3.66 and its 200-day moving average is $4.07.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 26.77%. The business had revenue of $13.94 million during the quarter.

Institutional Investors Weigh In On SS Innovations International

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new stake in shares of SS Innovations International in the 3rd quarter worth about $56,000. Jane Street Group LLC bought a new position in SS Innovations International during the fourth quarter valued at about $63,000. IFC & Insurance Marketing Inc. bought a new position in shares of SS Innovations International during the 4th quarter valued at about $64,000. Goldman Sachs Group Inc. bought a new stake in SS Innovations International during the fourth quarter worth approximately $68,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of SS Innovations International in the 3rd quarter worth $71,000.

About SS Innovations International

AVRA Medical Robotics, Inc develops and manufactures medical surgical devices. The company has a research agreement with the University of Central Florida to develop navigation and control technologies with applications in medical robotics. The company was formerly known as AVRA Surgical Microsystems, Inc and changed its name to AVRA Medical Robotics, Inc in November 2015. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.